I literally think of loan sharks or getting your house or assets taken away from you when I hear it LOL. 

As to the second one, they and others (not that long ago) used to advertise fixed-rate loans at 2.4% and 3.6% interest rates.

They can and often will say 'no' but if you can just get a 'yes' on a single digit fixed rate you're probably better off than any personal or consolidation loan you may get.

Due to the appraisal, instead of the standard 20% down on an investment property, I was able to only put down 10% and get a second loan for the additional 10% down payment.

But most importantly that don't want to make a bad loan.

Can anyone recommend a good property management software solution that tracks seller financed loans (i.e. properties that we have sold with seller financing), along with tracking the rentals?

Will the mentor co-sign the loans?

Here’s what I mean:When you file your tax returns there are certain deductions that can be added BACK to your income to help you qualify for a Fannie/Freddie type of loan.

A heloc add another trade line to your credit and can cause issues with fico scores dropping or DTI going up causing issues with credit limits or other risk based issues.Regarding the $4K in closing costs that is pretty much the standard for a loan amount of $100 to $150K.

@Sheifta Anwar Highly unlikely….banks know they get the best price by getting on the market and most banks are just servicing for the actual loan holders…and they have policies to put it on the market.